Collaborative relationships are becoming a common way to meet the demands of global competition.Global __________ are agreements between two or more independent firms to cooperate for the purpose of achieving common goals such as a competitive advantage or customer value creation.
A) compacts
B) collaborative treaties
C) strategic alliances
D) free trade agreements
E) economic coalitions

Question

Quizplus · Accepted Answer

Strategic alliances are a specific type of collaborative relationship in which two or more independent firms come together to achieve common goals, such as gaining a competitive advantage or creating customer value. They are becoming increasingly common in today's global economy as firms seek to leverage each other's strengths and resources to stay competitive. Options A, B, D, and E are all incorrect because they either do not accurately describe this type of relationship or are unrelated to the concept of collaborative relationships in general.

Collaborative Relationships Are Becoming a Common Way to Meet the Demands